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Consumer spending rises at the slowest pace in seven months
MarketWatch reports July consumer spending increased at the weakest rate in seven months, pointing to some loss of momentum heading into the third quarter.
Consumer spending in the United States rose in July at the slowest pace in seven months, according to MarketWatch.
The outlet said the cooling in spending activity suggests the economy lost some steam after the end of the 2026 Word Cup and the start of the third quarter.
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